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  • Sukanya Samriddhi Account Interest Rate

    The Sukanya Samriddhi Account has been introduced to ensure that the girl child is not left behind. The scheme aims to provide financial security to a girl till the time that she gets married. The Sukanya Samriddhi Account scheme is meant for girl children below the age of 10 years. The account matures in 21 years before which it is in a lock-in period where funds cannot be withdrawn.

    Sukanya Samriddhi Account Interest Rate

    The Sukanya Samriddhi Yojana is a new scheme launched in the year 2014 by Prime Minister Narendra Modi. The Sukanya Samriddhi Account scheme was launched with an initial interest rate of 9.10% p.a. compounded annually. This has been increased to 9.20% p.a. for the current fiscal 2015-16.Sukanya Samriddhi Yojana interest rate is revised on a yearly basis and hence for FY 2016-17 it has been revised 8.6%.

    Sukanya Samriddhi Interest Rate vs PPF, FD and RD

    The comparison of Sukanya Samriddhi interest rate with other popular savings instruments such as PPF, RD and FD is shown below:

    Scheme Sukanya Samriddhi Yojana Public Provident Fund (PPF) Fixed Deposit Recurring Deposit
    Interest rate (Fy: 2016-17) 8.60% p.a. 8.10% p.a. 6-9% p.a. 8.40%

    Salient Features of Sukanya Samriddhi Account

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